Facebook Buying Oculus Rift for $2 Billion

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Facebook Buying Oculus Rift for $2 Billion
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In a statement today, Mark Zuckerberg announced Facebook's acquisition of VR development company Oculus, saying they plan to not only support Oculus' current efforts, but also to help them expand and make VR a platform for more than just games:

We're going to focus on helping Oculus build out their product and develop partnerships to support more games. Oculus will continue operating independently within Facebook to achieve this.

But this is just the start. After games, we're going to make Oculus a platform for many other experiences. Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face -- just by putting on goggles in your home.

Read Zuckerberg's full statement here. Facebook's two billion dollar purchase includes $400 million in cash and 23.1 million shares of Facebook common stock.

Heartfelt Video of the Day: This Father is Appealing to Facebook to View His Deceased Son's One Minute Movie

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We need to make this happen.

Update: Facebook will be creating the lookback video for the father. Read more about it here. Awesome job to everyone who shared this trying to get it seen to as many people as possible. The internet has done a great thing!

App of the Day: Facebook Announces Paper, a New iPhone App That Reinvents the Newspaper

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Currently, Facebook's News Feed is essentially an unindexed stream of data from friends or pages you've followed. The new Paper app is attempting to make that a better experience by letting you compile content into sections and favorite interests.

"You can customize Paper with a choice of more than a dozen other sections about various themes and topics—from photography and sports to food, science and design. Each section includes a rich mix of content from emerging voices and well-known publications," the company explained in a news posting about the app.
Paper also changes the design by letting you thumb through cards instead of a vertical stream. You can tilt your phone to explore high-resolution panoramic photos. Full screen videos will automatically play. You'll also know exactly what your post or photo will look like thanks to live previews.

The app will be available February 3.

Social Media of the Day: The Problem With Facebook

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For a long time now Facebook has been filtering your Newsfeed. Most of the post from friends or pages you like aren't delivered to you. This is a stark contrast from Twitter, YouTube, Etc.